Fidelity recently made changes to two funds available in the GW retirement plans with the goal of providing investors with additional value and simplicity.
On August 1st, Fidelity reduced the expense ratios on the Fidelity 500 (FXSIX) and the Fidelity US Bond (FSITX) Index funds. GW plan participants with investments in these Index funds will see immediate savings. Fidelity will also merge assets in the different investor classes of the impacted funds. The share class changes are expected to be completed by November 2, 2018. If you have funds invested in a Fidelity Index Fund this change may appear as an exchange on your account statement in the next few months.
For more information see Fidelity’s FAQs. To view or change your current investment elections, log on to netbenefits.com/GW.
REMINDER: Retirement counseling sessions are available with both Fidelity and TIAA representatives on campus should you wish to discuss your retirement goals and fund options. Or you can contact your retirement provider or a financial advisor for more guidance. Visit https://benefits.gwu.edu/retirement-counseling for details. Further information regarding GW retirement plans can be found at benefits.gwu.edu/retirement-savings.
